Expert Mortgage Advice from London Finance Solutions - T: 020 8427 5057 Home...|.. News...|.. Mortgage Calculators...|.. Jargon Buster...|.. Contact Us

Commercial Services from LFS
HOME ....|.... MORTGAGES ....|.... INSURANCE ....|.... PROTECTION ....|.... WILL WRITING ....|.... ABOUT US


Life and Critical Illness Protection

Life

“I will sort this out later”, “I can’t afford it”, "I don’t believe in protection”

we have all either said this or heard someone say this before. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on life protection.

Some interesting facts:

• Over 1650 people die every day in Great Britain (National Statistics online)
• Every week 6200 people are killed or injured in road traffic accidents (office for national statistics)
• 1 in 4 men now aged 20 will not live to 65 (Swiss re 2001)

A simple life insurance policy is designed for people who would like to leave a lump sum to a family member, friend or loved one in the event of their death within a specified time period whilst aiming to keep the cost to a minimum.

Life assurance is used to protect your family from the financial implications of a personal tragedy and can be particularly important if you have young children or dependents. It can be used to cover a mortgage, other loans or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away.

Finding the right type of life cover can be time consuming and tedious. With so many different policies available, sometimes people opt for polices which seem advantageous due to cost but in practice are totally wrong for you.

As independent advisors we can ensure we assess your individual requirements thoroughly before recommending a well suited policy for you. Contact us today to discuss.

Critical Illness

Did you know...

  • There are around 293,600 new cases of cancer diagnosed each year in the UK and there are more than 200 types of cancer.
  • More than 30,000 people have heart surgery in the United Kingdom each year. The national survival rate for all types of heart operation is 96.6%.
  • Source Care Quality Commission 2007 As many as 100,000 people in the UK are estimated to have multiple sclerosis.
  • It is the most common condition of the central nervous system affecting people between the age of 20 and 40.

When health conditions impact on our ability to earn a living, this can have serious implications on the standard of living for both you and your family.

So what is critical illness?

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

Who is it critical illness for?

This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

The quality of cover and the illnesses covered can vary significantly between different providers which is why it is very important you contact us to discuss how we can help you find the plan that best meets your requirements.

Get a Quote on Landlords Insurance

 

Life and Critical Illness
Income Protection
Mortgage Payment Protection
Business Protection


Mortgages
Remortgages
Buy To Let Mortgages
First Time Buyer Mortgages
Professional Mortgages
See a list of other mortgages

Insurance
Building and Contents
Rate Guard
Landlords Insurance
Commercial Insurance
Insurance Products from LFS

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

* The Financial Conduct Authority does not regulate some forms of buy to let, secured loans, commercial finance, bridging finance, overseas or offshore mortgages and will writing.
Your initial mortgage consultation is obligation free. We charge an administration fee for processing each mortgage contract and our fees only apply when you decide to proceed with an application. For standard residential mortgage contracts the typical fee of up to 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer . For buy-to-let mortgages a typical fee of up to 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer. For offshore and commercial mortgages a typical fee of 1% of the mortgage loan applies of which £1000 is payable on application with the balance payable on offer. For impaired credit lending the typical fee is 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer. The overall cost for comparison is 5.5% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.

The adivce and/or guidance contained within this website is subject to UK regulatory regime and therefore is restricted to consumers based in the UK.